|
|
BIF & SAIF
Statements of Cash Flows -
Fourth Quarter 2005
| Fund Financial Results |
($ in millions – All data is unaudited) |
| Statements of Cash Flows |
BIF |
SAIF |
| |
12/31/05 |
12/31/04 |
12/31/05 |
12/31/04 |
| Net Income |
$ 1,072 |
$ 1,117 |
$ 539 |
$ 516 |
| Amortization of U.S. Treasury obligations (unrestricted) |
614 |
737 |
220 |
262 |
| TIPS Inflation Adjustment |
(258) |
(182) |
(87) |
(61) |
| Depreciation on property and equipment |
55 |
54 |
na |
na |
| Provision for insurance losses |
(138) |
(281) |
(22) |
(72) |
| Terminations\adjustments of work-in-process accounts |
0 |
1 |
na |
na |
| Net change in operating assets and liabilities |
231 |
209 |
173 |
(2) |
| Net Cash Provided by Operating Activities |
$ 1,576 |
$ 1,655 |
$ 823 |
$ 643 |
| Investments matured and sold |
7,850 |
9,175 |
2,200 |
3,050 |
| Investments purchased (includes purchase of property and equipment) |
(8,836) |
(11,553) |
(2,905) |
(4,051) |
| Net Cash Used by Investing Activities |
$ (986) |
$ (2,378) |
$ (705) |
$ (1,001) |
| Net Decrease in Cash and Cash Equivalents |
590 |
(723) |
118 |
(358) |
| Cash and Cash Equivalents at beginning
of year |
1,821 |
2,544 |
701 |
1,059 |
| Unrestricted Cash and Cash Equivalents - Ending |
na |
na |
$ 798 |
$ 644 |
| Restricted Cash and Cash Equivalents - Ending |
na |
na |
$ 21 |
$ 57 |
| Cash and Cash Equivalents - Ending |
$ 2,411 |
$ 1,821 |
$ 819 |
$ 701 |
|
